Markup and Profit, A Contractor's Guide
by Michael C. Stone At last, a book on how to figure the right markup for a construction company! If you find yourself asking, "How much should we mark it up?" or if you're concerned about losing jobs by charging too much or working for free by charging too little, this book will give you the background and the calculations necessary to easily figure the markup that is right for your general or specialty construction business. Construction contracting businesses have the highest rate of failure of any type of business in America today. Why? Because too many contractors undercharge for their work. They don't calculate their true costs of doing business, they don't consider their investment of capital, and they don't allow for "surprises." In other words, they don't work out how much they need to have left over after covering all their costs to make sure they stay in business. __________________________________________________________ | "I am a remodeling contractor in Tucson, Arizona and have been doing it for 2.5 years now. I just finished reading your book and I must say, it is a book that everyone should read the first day they start their own company. I can't tell you how many questions I have had since day one that I have asked other experienced contractors that you answered in your book. I am almost upset that there is not more education readily available that would point to resources such as yours. Thank you for a job well done." | __________________________________________________________ In this guide, Michael Stone, a highly-successful contractor, lecturer and coach, explains the importance of setting your own markup - and not just picking a markup figure that someone else uses, or a number you found in an estimating book! Every business is unique, with different labor costs, different overhead costs, different profit requirements - so their markup should be different, too. Michael gives you the background and calculations you need to correctly figure markup based on your individual business. He writes in simple layman's language and includes examples, formulas and sample problems to help you. When you've read this book, you'll thoroughly understand what markup is and how to arrive at it. And just as important, you'll know how and why you should apply it to your job costs to arrive at the right sales price for your work. And that's the secret to success in this industry. __________________________________________________________ | "I just wanted to drop you an e-mail letting you know how much I'm enjoying your book Markup & Profit. I received it yesterday and I've already read the first 150 pages. So much of what you say in the book is so true. I am a highly respected contractor in southeastern NH and love the trade that I'm in. However, after having done this for almost 20 years, I still feel as much like a used car salesman as I did when I first started (no offense to used car salesmen by the way).
I can do the work in my sleep but still struggle pulling the business aspect of it together. Your book has already answered so many questions for me and better prepared me for my working relationship with my clients."
| __________________________________________________________ Michael reviews the basics of what it takes to survive in the construction business. You'll learn how to : -
Calculate your full overhead -
Price your work at the proper markup -
Forecast increases in your overhead -
Set and keep a budget -
Figure all your job costs -
Sell yourself and your work -
Estimate your break-even point -
Recognize an unprofitable job -
Compute a fair wage for yourself -
Write a good contract This book gives you the key to operating a profitable, contracting business - figuring and using the correct markup on every job. It gives the simple mathematical principles and formulas that you can use, regardless of the type of work you do. Learn from the book yourself, and then use it to train your sales staff, in marketing techniques and calculating markup on their sales. Use the sample problems in the back of the book to test your own understanding, and to check your employees' grasp of how to figure markup. To help you keep your company organized, the book includes sample worksheets and sales contracts, lead sheets, subcontract forms, notification forms, job schedules, checklists, and other blank forms. Add your company's name, address, or logo, then photocopy them as you need them. Or, use the FREE CD-ROM included inside the back cover. Open the forms you need in Word, WordPerfect or Word for Macintosh, change them to suit your needs, fill them out, then print. Markup & Profit: A Contractor's Guide, published by Craftsman Book Company is 320 pages, 8-1/2 x 11. Over 19,000 copies sold! | Markup and Profit: A Contractor's Guide Members $24.00 Non-Members $26.00 | Special Member's Only Pricing: Members receive $2.00 off the price listed for the Markup and Profit: A Contractor's Guide. Simply make sure you use your email address that we have on file. When you click on "Review Order" you will see the discount reflected. If you are not a member yet, you can sign up instantly by clicking here. | |
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